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Pricing

2022
Flag → Flag
Exports $4.13BRnk 32 / 221
2022
Flag → Flag
Top Product $292MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $5.15BRnk 7 / 203
2022
Flag → Flag
Top Product $1.19BCars
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH22%CURRENT US$
Rnk 117 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$21,258CURRENT US$
Rnk 48 / 186
2012-2022
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GDP PC GROWTH21.5%CURRENT US$
Rnk 80 / 186

About

Italy-Slovakia Trade: In 2022, Italy exported $4.13B to Slovakia. The main products that Italy exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($292M), Packaged Medicaments ($89.7M), and Other Plastic Products ($85.5M). Over the past 5 years the exports of Italy to Slovakia have increased at an annualized rate of 4.54%, from $3.3B in 2017 to $4.13B in 2022.

In 2020, Italy exported services to Slovakia worth $389M, with Travel ($158M), Transportation ($97M), and Other business services ($87.7M) being the largest in terms of value.

Slovakia-Italy Trade: In 2022, Slovakia exported $5.15B to Italy. The main products that Slovakia exported to Italy were Cars ($1.19B), Video Displays ($433M), and Motor vehicles; parts and accessories (8701 to 8705) ($255M). Over the past 5 years the exports of Slovakia to Italy have decreased at an annualized rate of 0.15%,  from $5.19B in 2017 to $5.15B in 2022.

In 2020, Slovakia exported services to Italy worth $288M, with Transportation ($185M), Other business services ($35.8M), and Travel ($35.3M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €286M and imported €290M from Slovakia, resulting in a negative trade balance of €3.93M. Between July 2023 and July 2024 the exports of Italy have increased by €893k (0.31%) from €285M to €286M, while imports decreased by €-21M (-6.75%) from €311M to €290M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€893k(0.31%)
IMPORT GROWTH (July 2023 - July 2024)€-21M(-6.75%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Slovakia and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Slovakia and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $4.13B to Slovakia. The main products exported from Italy to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($292M), Packaged Medicaments ($89.7M), and Other Plastic Products ($85.5M). During the last 5 years the exports of Italy to Slovakia have increased at an annualized rate of 4.54%, from $3.3B in 2017 to $4.13B in 2022.

In 2017, Slovakia exported $5.15B to Italy. The main products exported from Slovakia to Italy were Cars ($1.19B), Video Displays ($433M), and Motor vehicles; parts and accessories (8701 to 8705) ($255M). During the last 5 years the exports of Slovakia to Italy have decreased at an annualized rate of 0.15%, from $5.19B in 2022 to $5.15B in 2017.

Exports from Italy (Flag) to Slovakia (Flag) (2022)

Exports from Slovakia (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Slovakia
Top DestinationGermany$22.2B

This map shows whether countries import more from Italy or Slovakia. Each country is colored based on the difference in imports they receive from Italy and Slovakia or the difference in the growth in imports.

In 2022, countries that imported more from Italy than Slovakia included United States ($68.2B), France ($63.8B), and Germany ($78.5B).

In 2022, countries that imported more from Slovakia than Italy included Czechia ($12.6B), Hungary ($9.79B), and Ukraine ($1.55B).

Difference in imports from Slovakia (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Slovakia

Flow
Scale

This chart compares trade between Italy and Slovakia by product, considering products traded by both, Italy and Slovakia.

During 2022, Italy had a large net trade with Slovakia in the exports of Machines ($1.15B), Metals ($959M), and Transportation ($425M).

During 2017, Slovakia had a large net trade with Italy in the exports of Machines ($1.65B), Transportation ($1.5B), and Metals ($606M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Slovakia+$115MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Slovakia Italy+$434MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Italy exported services to Slovakia worth $389M, with Travel ($158M), Transportation ($97M), and Other business services ($87.7M) being the largest in terms of value.

In 2020, Slovakia exported services to Italy worth $288M, with Transportation ($185M), Other business services ($35.8M), and Travel ($35.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Slovakia (Flag) (2020)

Services Exports from Slovakia (Flag) to Italy (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Slovakia. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Slovakia. Similarly, a dot/product with the flag of Slovakia indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Slovakia (Flag) (2022)

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